On July 17, 2015, the Company entered into a loan agreement with Sumitomo Mitsui Banking
Corporation, pursuant to which the Company is entitled to borrow an unsecured US$ denominated loan of RMB1.03 billion (US$150.00 million) with a floating interest rate. The loan is intended for the general working capital of the Company. On
August 10, 2015, the Company drew down RMB1.03 billion (US$150.00 million) with a term of two years under the facility commitment. In connection with the loan agreement, the Company entered into an interest rate swap agreement, pursuant to
which the loan will be settled with a fixed annual interest rate of 1.41% during the term of the loan. The amount repayable within twelve months was classified as Long-term loans, current portion on the consolidated balance sheet.

On August 25, 2015, the Company entered into a loan agreement with HSBC, pursuant to which the Company is entitled to borrow an unsecured US$
denominated loan of RMB1.38 billion (US$200.00 million) with a fixed annual interest rate of 1.42%. The loan is intended for the general working capital of the Company. On August 28, 2015, the Company drew down RMB1.38 billion
(US$200.00 million) with a term of two years under the facility commitment. The amount repayable within twelve months was classified as Long-term loans, current portion on the consolidated balance sheet.

On June 8, 2016, the Company entered into a five-year term and revolving facility agreement with a group of 21 arrangers, pursuant to
which the Company is entitled to borrow an unsecured US$ denominated floating rate loan of RMB6.88 billion (US$1.00 billion) with a term of five years and to borrow an unsecured US$ denominated revolving loan of RMB6.88 billion (US$1.00
billion) for five years. The facility is intended for the general working capital of the Company. On June 22, 2016, the Company drew down two tranches of RMB1.72 billion (US$250.00 million) under the facility commitment. On
November 25, 2016, the Company drew down an additional RMB1.72 billion (US$250.00 million) under the facility commitment. On November 26, 2016, an additional RMB1.72 billion (US$250.00 million) was drawn down under the facility
commitment. In connection with the facility agreements, the Company entered into four interest rate swap agreements, pursuant to which the loans will be settled with a fixed annual interest rate of 2.11%, 2.10%, 2.78% and 2.78% respectively, during
the respective term of the loans.

The interest rate swap agreements met the definition of a derivative in accordance with ASC 815
(ASC 815), Derivatives and Hedging. The fair value of the derivatives related to the interest rate swap agreements were insignificant for the three-month periods ended March 31, 2016 and 2017, respectively.

9.

NOTES PAYABLE

Baidu, Inc.

On November 28, 2012, the Company issued and publicly sold two tranches of unsecured senior notes: (i) an aggregate principal amount
of US$750.00 million which will mature on November 28, 2017 (the 2017 Notes), and (ii) an aggregate principal amount of US$750.00 million which will mature on November 28, 2022 (the 2022 Notes). On
August 6, 2013, the Company issued and publicly sold another tranche of unsecured senior notes with an aggregate principal amount of US$1.00 billion which will mature on August 6, 2018 (the 2018 Notes). On June 9,
2014, the Company issued and publicly sold the fourth tranche of unsecured senior notes with an aggregate principal amount of US$1.00 billion which will mature on June 9, 2019 (the 2019 Notes). On June 30, 2015, the
Company issued and publicly sold two tranches of unsecured senior notes: (i) an aggregate principal amount of US$750.00 million which will mature on June 30, 2020 (the 2020 Notes), and (ii) an aggregate principal
amount of US$500.00 million which will mature on June 30, 2025 (the 2025 Notes). The 2017 Notes, 2018 Notes, 2019 Notes, 2020 Notes, 2022 Notes and 2025 Notes are collectively referred to as the Notes.